Modern Mine Valuation (Classic Reprint)

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Excerpt from Modern Mine Valuation Mining is essentially an industry, and its economic justification, like that of any other commercial undertaking, must ultimately depend upon whether it can be made to yield an adequate financial return on the capital sunk in it. But as this depends upon whether the mineral deposits warrant the expenditure necessary for their exploitation, it is evident that the real basis upon which sound mining operations must depend is sound valuation. In the present work it has been the author's object to afford the means of making this valuation by introducing therein the principal considerations governing accuracy. Incidentally, also, it affords a means of ascertaining whether a given valuation is sound and checking the data upon which it is based. By a large section of the public mining is regarded both as a speculation and as one which is often more than usually "speculative." But the element of chance enters into other industries as well, and may be reduced in mining almost to a minimum, if the valuation be rightly conducted. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.